All of the following statements about the income tax treatment of individually-purchased life insurance are true EXCEPT
A) policyowner dividends are received tax-free.
B) the annual increase in cash value is not taxable while the policy remains in force.
C) premiums paid for individual life insurance are a tax deductible expense.
D) life insurance proceeds paid to a beneficiary in a lump-sum are received tax-free.
Answer: C
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In the China, there is a cultural belief that unique circumstances determine what is right or good. China would likely score high on ______ in Trompenaars' dimensions of value orientations.
A. activation B. diffusion C. particularism D. universalism
When confronted with the possibility that news could be delivered online, some newspaper managers attracted readers through creative ways of presenting the news electronically, while maintaining their traditional paper editions. As a result, those newspapers remained successful. In contrast, newspaper managers who perceived the delivery of news online as a threat lost readers. This example, from the textbook, was used to illustrate which concept?
a. Organizational cultural lag b. Innovation sparcity c. Idea extinction d. Net losses
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What will be an ideal response?
Domain selection, diversification, mergers or acquisitions, and divestitures are all examples of
A. independent strategies. B. cooperative strategies. C. competitive pacification. D. voluntary action. E. strategic maneuvering.